The Capital Factory was launched in 2009 by three local serial entrepreneurs as a summer accelerator program. It has since grown to a year-round venture occupying two floors of the Omni Building downtown.

To date, the Capital Factory has invested in 40 startups but plans to reach at least 50. The group matches $50,000 angel investments and then targets select portfolio companies for $250,000 follow-on investments. The goal is to gain a 2 percent stake in the most promising local startups, he said.

In May, President Barack Obama visited the Capital Factory during a six-hour technology-focused tour of the city.

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